Home Sellers

Are Subsidized Mortgage Rates Coming?

Thursday, June 11th, 2009

Are Subsidized Mortgage Rates Coming?

With mortgage rates returning to levels seen before the Fed pledged to buy up billions in mortgage securities, it might be time to turn to a costly Plan B, subsidizing mortgage rates.

Rising interest rates have already extinguished a short-lived refinance boom, with applications dropping precipitously over the past three weeks.

Mortgage rates, which slipped to a record low 4.78 percent on the popular 30-year fixed as recently as early April, have since risen above 5.50 percent, following the surging 10-year bond yield.

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$7500 Tax Credit, Opportunity of a Lifetime for First-Time Buyers

Friday, August 8th, 2008

I am often asked: “Are we at the bottom of the bottom?”

With this new law and some other indicators like “The national home ownership rate — defying all gloom and doom predictions — jumped to 68.1 percent in the latest quarter, up from 67.8 percent”, I think this is it I truly believe it.

More home buyers mean more home sellers. Where do those sellers go? Yes to buy more hoses. The wheels of the Real Estate Market are starting to move, we are going some where.

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First Time Home Loan that Couldn’t Be Done!

Tuesday, July 29th, 2008

First Time Home Buyer Derrick R was denied. Twice he was told No by 2 people.

The seller’s Realtor suggested he call a mortgage advisor she knows who can work miracles…
Working with a professional mortgage advisor like Racheli Smilovits can work miracles for you too.
How knowing someone like Racheli can assist you?
Please give us your comments right here below.

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Home Selling Secrets- Sellers; PRICE Your Home RIGHT, Buyers Are Out There To Buy Your Home.

Tuesday, May 13th, 2008

Are you a seller that had the agonizing conversation with your realtor about price cutting several times over?  This is a real case study we had a couple of months ago.
A team of Realtor Lender helped a home sell in under a week, after being on the market for 8 months. Before we start let me make sure you understand one VERY IMPORTANT FACT. If you continue to TRAIL THE MARKET, i.e. reducing your price as the market goes down; you have LITTLE or NO CHANCE to sell any time soon. Sorry I have to be so blunt.Position yourself A HEAD of the market to get a buyer interested to come and preview your home.Got it? Great. Here are 5 actions we took and the home IS SOLD. Follow them to increase your chances for a “SOLD” sign.
The facts.

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Investor Report: Fannie Mae and Short Sales

Tuesday, April 15th, 2008

Written by Kenneth R. Harney Realty Times
April 11, 2008 
Here’s some good news for investors interested in “short sales” — that’s where home owners who can’t afford their mortgages sell their houses at substantial discounts, often below what they owe on the loan.

Fannie Mae, the single biggest player in the American mortgage market, plans to crank up the pace of short sales on properties in its bulging portfolio. Fannie intends to “streamline” procedures to enable pre-foreclosure sales to speed through what is currently an extended, and often complicated, process.

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Washington Report: Bills on Capitol Hill

Tuesday, April 15th, 2008

Written by Kenneth R. Harney Realty Times
April 14, 2008 Realty Times

There are literally dozens of bills on Capitol Hill that are aimed at relieving the mortgage and housing crisis. Some of them — like FHA reform — have been bouncing around for months with no final action.

On the House side right now, what could be the mother of all housing-relief bills is taking shape. Reportedly it will roll together reform of Fannie Mae and Freddie Mac, plus all sorts of new add-ons, including a $300 billion authorization for FHA to buy up and refinance delinquent mortgages held by private lenders.

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